Knights of Columbus Asset Advisors LLC Acquires 46,739 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 94.6% in the fourth quarter, Holdings Channel reports. The firm owned 96,170 shares of the bank’s stock after purchasing an additional 46,739 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Enterprise Financial Services were worth $4,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Enterprise Financial Services by 111,650.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 93,278,472 shares of the bank’s stock worth $4,566,914,000 after buying an additional 93,195,002 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Enterprise Financial Services by 9.5% during the second quarter. BlackRock Inc. now owns 3,370,194 shares of the bank’s stock worth $131,775,000 after buying an additional 291,919 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Enterprise Financial Services by 11.5% during the third quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after buying an additional 220,690 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Enterprise Financial Services by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock worth $72,985,000 after buying an additional 14,588 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Enterprise Financial Services by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,405,005 shares of the bank’s stock worth $62,649,000 after buying an additional 91,428 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $39.68 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $1.49 billion, a P/E ratio of 7.81 and a beta of 0.99. The firm has a 50 day simple moving average of $39.42 and a 200 day simple moving average of $39.97. Enterprise Financial Services Corp has a fifty-two week low of $32.97 and a fifty-two week high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.19 by $0.02. The business had revenue of $166.18 million for the quarter, compared to analysts’ expectations of $157.53 million. Enterprise Financial Services had a net margin of 23.28% and a return on equity of 12.54%. Sell-side analysts predict that Enterprise Financial Services Corp will post 4.47 earnings per share for the current fiscal year.

Enterprise Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 2.52%. Enterprise Financial Services’s dividend payout ratio is currently 19.69%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Piper Sandler lowered their price target on shares of Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.